The United States plans to apply the tariffs to about $50 billion worth of goods to punish China for its theft of trade secrets, including software, patents and other technology. A 25% tariff would be applied to all the products, according to the US Trade Representative, a wing of the White House.
Many of the tariffs would target the Chinese aerospace, tech and machinery industries. Others would target medical equipment, medicine and educational material, such as bookbinding equipment.
The tariffs won't go into effect immediately. The administration will hold a public hearing for US businesses on May 15. Even after that, it's not clear when the tariffs would be applied.
Let me tell you exactly how this will be applied. If you donate to the GOP on a regular basis, you're not going to have to worry about a tariff on the goods you buy from China. If you have gotten crossways with these animals, they're going to slap tariffs on the stuff you need to stay in business.
This is an extension of stupidity and corruption, mixed with incompetence, and this is how we live now.